Voda Idea

To offer shares in lieu of dues; shareholders to decide on preferential issue on July 10

The broader trend for the shares of Vodafone Idea continues to remain negative

Vodafone Idea user base shrinks by 1.35 million; Jio cements lead with the addition of 1.65 million subscribers

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A significant part of the payment for Oct-Dec has been cleared by Vi, but instalment for January remains unpaid

Shareholders of debt-ridden Vodafone Idea have approved issuing shares worth Rs 1,600 crore to ATC Telecom Infrastructure on a preferential basis, according to a regulatory filing. Vodafone Idea Ltd's (VIL) board has given its nod to settle Rs 1,600 crore dues to equipment vendor ATC Telecom by converting the due amount into equity, if the amount remained unpaid in 18 months. As per the scrutiniser's report with respect to the voting on proposals during the Extraordinary General Meeting (EGM) held on November 21, as many as 99.99 per cent shareholders voted in favour of the "special resolution for issue of securities on a preferential basis". The report was submitted as part of the filing by the company to the stock exchanges on Tuesday. VIL is raising the amount through equity convertible debt bonds that carry a coupon rate of 11.2 per cent per annum payable every six months during its term. According to the company, the funds raised would be used to pay amounts owed to ATC under

India's total mobile subscriber base fell by 3.6 million in September, with Vodafone Idea suffering subscriber count decline even as larger rivals Reliance Jio and Bharti Airtel added users month-on-month, according to telecom regulator's data. India's largest mobile operator Jio further cemented its position in the market, adding 7.2 lakh wireless subscriber during September, while Bharti Airtel increased its mobile users' tally by 4.12 lakh. Notably, while Jio led peers in September subscriber additions, its net adds this time were lower than 32.81 lakh subscribers the telco had gained in August. Ailing Vodafone Idea faced subscriber count decline (by 40 lakh), its base shrank to 24.91 crore during September. "Total wireless subscribers decreased from 1,149.11 million at the end of August-22, to 1,145.45 million at the end of September-22, thereby registering a monthly decline rate of 0.32 per cent," Telecom Regulatory Authority of India (TRAI) said releasing subscription data fo

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Vodafone Idea's debt conversion should not be delayed

New Vi Max postpaid plan offers users more data and SMSes per month, apart from travel discounts, airport lounge access, and priority customer service; comes into effect on Wednesday

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The firm is supplying radio access networks to Ericsson and Reliance Jio for their 5G networks from its Chennai plant. Vodafone Idea is yet to finalise its contract as it awaits fresh funding

Talks between Vodafone Idea Limited and its lenders to raise Rs 10,000 crore in debt have been ongoing for more than 9 months

Shareholders of Vodafone Idea have approved elevation of company's chief financial officer Akshaya Moondra as new chief executive officer, according to voting result of the annual general meeting released on Tuesday. The company held its 27th AGM (annual general meeting) on Monday in which 99.75 per cent shareholders voted in favour of the special resolution to appoint "Akshaya Moondra as chief executive officer of the company". Moondra's appointment comes at a time when the company is reeling under debt of close to Rs 2 lakh crore and has been incurring huge losses. VIL has posted marginal narrowing of its consolidated loss at Rs 7,296.7 crore during the April-June quarter compared to the year-ago period, as tariff hikes boosted its realisations. The telco's loss stood at Rs 7,319.1 crore in the year-ago quarter. He will have to handle key tasks of fund raise to support company operations and capital expenditure. Moondra will replace Ravinder Takkar who completed his three-year t

The early-bird results for the April-June 2022 quarter hinted at a decline in earnings, even as corporate revenue continued to grow at a fast clip

Takes over from Ravinder Takkar, whose three-year term ends on August 18

Debt-ridden telecom operator Vodafone Idea's shareholders have approved equity allocation worth Rs 436.21 crore to its promoter entity, the Vodafone Group

Bharti Airtel and Vodafone Idea can slip into a bear trap if these key supports levels are breached; MTNL by far seems a safer bet.

Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"

Charts suggest that Bharti Airtel can rally to a new high of Rs 800; However, investors need to wait for a confirmed breakout if considering to buy shares of Vodafone Idea.